Market utilities: useless or useful?

It is only a matter of time before one of the larger international service providers realises that service delivery to the retail broker-dealer space sector is not as complicated as many believe, says Denis Orrock of GBST Capital Markets.

Innovation Time

As the global securities industry continues to evolve, moving away from its reliance on manual processes toward greater transparency and faster settlement, it is critical for today’s market participants to take a much deeper look at what legacy technology is actually costing in terms of operational loss.
This article by GBST explains why robust technology supporting the middle office and operational processing pays for itself, and what the industry needs to consider in the years to come.

Essential for all wealth management providers, GBST Composer® is continuously updated in-line with new regulations to ensure you are always in compliance, eliminating the need to manually research market changes.

Financial wellbeing crucial to personal wellbeing

GBST CEO Rob De Dominicis considers what impact today's spending culture might be having on our personal wellbeing and looks at how technology is being used to encourage savings and investment by rewarding positive changes in financial behaviour.

AEGON

AEGON UK, part of the AEGON Group which is one of the world’s largest listed life and pensions companies, offers pensions, life insurance, asset management and financial advice to around 2 million customers in the United Kingdom (UK) and has assets under administration of £57.6 billion.

Designed specifically for Australian not-for-profits and other membership-driven organisations, the GBST Unison suite of products delivers an easily accessible and secure multi-device system for handling every aspect of membership management.

Unison™ uActive Benefits

Recently an existing GBST union client using Unison™ as its in house membership system implemented such a solution and integrated between their web processes and the Unison™ database.

Customised after-tax benchmarks for superannuation funds to measure the effectiveness of each fund manager in a consistent way with post-trade tax and performance analytics solutions.

Report on Financial Transaction Taxes by GBST and Deloitte

With the introduction of Financial Transaction Taxes first in France and Italy, and soon for the EU, the full complexity of processing taxes is becoming a major operational headache for firms.
GBST’s Financial Transaction Tax solution has recently gone live at a global investment bank, we have taken this opportunity to review what we have learnt from this process and present our experiences and thoughts to you.

Choose from a range of pre-built interactive financial calculators or customise your own to better engage customers and prospects through your website and generate quality leads.

Report on Financial Transaction Taxes by GBST and Deloitte

With the introduction of Financial Transaction Taxes first in France and Italy, and soon for the EU, the full complexity of processing taxes is becoming a major operational headache for firms.
GBST’s Financial Transaction Tax solution has recently gone live at a global investment bank, we have taken this opportunity to review what we have learnt from this process and present our experiences and thoughts to you.

GBST to Release New Breed Superannuation Software

Sydney December 2017 — Leading Australian Software company, GBST, today announced the development of a new breed of retail software solutions that give superannuation funds a more secure, client-oriented system for engaging investors online.

The software, to be released early in 2018, is designed to help superannuation funds meet the needs of millennial investors who want more control of their own investments and who are looking for a more varied range of asset classes, with broader risk ratings, to invest in.

By integrating GBST’s Digital skillset (EMU Design) with its API rich registry capability and finally its SuperStream Gateway, GBST can provide a full solution for new age superannuation funds.

GBST Head of Asia Pacific, Denis Orrock, said the latest release focused on GBST’s recognised capabilities in ATO and ASIC compliance requirements.

He said GBST’s proven connectivity capability demonstrates its ability to combine different functions to provide bespoke solutions for its clients.

“The interface gives superannuation funds access to GBST’s EMU Design User Interface (UI) skills which focus on the user experience to build a bespoke public and logged in state for our clients,” Mr Orrock said.

“This creates an online, straight-through joining process with no paperwork, which includes a two-factor authentication. With seamless integration to the GBST Superstream gateway clients can help their members find their supernnuation, consolidate it into one fund and receive ongoing contributions electronically.

By linking this with GBST’s web services within our award-winning Composer system we will be able to offer a seamless experience to our clients.”

Mr Orrock said GBST’s software provides its superannuation clients with access to its Business Intelligence Reporting tools so they can generate communications to their clients in their preferred format, including text and PDF.

“By managing and hosting all this on GBST infrastructure, we will be taking responsibility for the digital administration, leaving our clients to focus on product design, pricing and distribution,” Mr Orrock said.

“Superannuation clients have told us that online investment vehicles have grown during the past few years to the point where online now has a stronger member engagement, especially among millennial investors who are starting to take more interest in their investments.

“We are experiencing a surge in new superannuation funds being launched into the market, this release demonstrates that GBST has all of the capability required to help with this growing market segment.”

“Investors are looking for increased mobile accessibility and want their sign-up process to be fully digital. Superannuation funds are looking for ways to provide this while ensuring that they remain compliant. The GBST solution will marry both the ease of access and compliance with regulatory requirements – delivering a significant improvement in service for both our clients and their investors,” Mr Orrock said.

About GBST

GBST is a specialist financial technology company which provides administration and transaction processing software for retail wealth management organisations and global and regional investment banks. Founded in 1983, GBST is listed on the Australian Securities Exchange under ASX ticker code GBT.

In Australia, GBST provides its full range of retail wealth and institutional solutions for the wealth management and capital markets industries. The company’s industry-leading software platforms include GBST Composer®, which provides end to end funds administration and management software for the wealth management industry; GBST Syn∽®, which provides a new generation post-trade processing platform for equities, derivatives, fixed income and managed fund processing; and GBST Shares, which is the most widely-used back- and middle-office processing equities software in Australia

In the Rest of the World, the GBST Syn∽® platform supports institutional capital markets primarily in Asia and North America.